Telos posts Q3 beat, raises full‑year outlook and announces CEO change
Telos Corp reported Q3 2026 revenue of $55.2 million, up about 7% year‑over‑year, and adjusted EBITDA of $10.6 million, both beating guidance. The company raised its full‑year 2026 revenue outlook to $198.2‑$200.7 million and adjusted EBITDA outlook to $32.3‑$34.1 million, while noting a $32 million revenue headwind in 2027 from phasing out a low‑margin resale business. Mark Griffin took over as CEO and the firm repurchased $5.7 million of shares during the quarter.
Why it matters
The raised full‑year revenue and EBITDA guidance suggest higher earnings potential for TLS investors this year (the earnings call transcript says the company expects the higher outlook). The announced $32 million 2027 revenue headwind signals a future margin‑improving shift but may depress revenue growth expectations (the earnings call notes the phase‑out).
Key facts
- 1Q3 2026 revenue was $55.2 million, a 7% year‑over‑year increase. finance.yahoo.com
- 2Adjusted EBITDA for the quarter was $10.6 million, the highest since the 2020 IPO. finance.yahoo.com
- 3Adjusted EBITDA margin was 19.2% and cash gross margin was 43.1%. finance.yahoo.com
- 4The company raised its full‑year 2026 revenue guidance to $198.2 million‑$200.7 million. investing.com
- 5Full‑year adjusted EBITDA guidance was increased to $32.3 million‑$34.1 million. investing.com
- 6Telos expects a $32 million revenue headwind in 2027 from phasing out low‑margin software resale. finance.yahoo.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.